Thailand economy

Thai economy rebounds after rebound in consumer confidence for the first time in 7 months

The UTCC said the consumer confidence score rose to 48.9 in September from 46.7 in August, thanks to the easing of COVID-19 restrictions in 29 dark red provinces, while the combined economic size of these provinces represent 80% of the national GDP. The relaxation of COVID-19 measures and the use of vaccination have led to […]

Thailand economy

Medical marijuana industry to ignite Thailand’s economy

Thailand is fast becoming the main competitor in the Asian medical marijuana and hemp markets. However, full commercialization of the sector and liberal access for private companies is not expected to be implemented until 2024, according to a new report. The Thai medical cannabis market is characterized by high potential. Having rapid regulatory changes and […]

Thailand economy

Thai baht continues to collapse as foreign investors leave Thailand

Krungthai Bank market strategist Poon Panichpibool yesterday reported that the Thai baht is likely to hover between 32.80 and 32.95 as foreign investment continues to leave the Kingdom. He said foreign investors decided to sell their assets in Thailand due to the uncertainty caused by the Covid-19 situation in the country. He too would lead […]

Thailand economy

Will New Marijuana and Hemp Oil Regulations Boost Thailand’s Economy?

In 2019, Thailand became the first country in Southeast Asia to legalize the use of medical marijuana – although several key restrictions remain in place. The government ban on marijuana plants and products containing significant amounts of THC (the psychoactive compound that produces a high) remains in place, although other parts of the plant have […]

Thailand economy

Pandemic Covid-19 Bitcoin Boom Fuels Thailand’s Mining Mania

The price of bitcoin, the world’s largest cryptocurrency, continues to hit new highs, reaching an all-time high of 1.7 million baht in April 2021. Although institutions and investors in Thailand and beyond Beyond have repeatedly warned against investing too much in what could be the biggest asset bubble of the century, Thai entrepreneurs are not […]

Thailand economy

Thailand’s economy hit hard by China-US trade war, strong baht and COVID-19

Thai exporters have been hit by the continued appreciation of the Thai baht. The currency’s strength was attributed to Thailand’s large current account surplus and foreign exchange reserves, supported by a strong economic base. BANGKOK – During a censorship debate targeting Prime Minister and Defense Minister General Prayut Chan-o-cha, Pheu Thai Party opposition MP for […]

Thailand economy

Thailand’s economy contracts most since 1997 due to collapse in tourism – World – The Guardian Nigeria News – Nigeria and World News

Thailand’s pandemic-wracked economy suffered its worst full-year performance in more than two decades, data showed Monday, with officials citing the toll of both a ravaged tourism industry and ongoing political upheaval. Last year’s 6.1% contraction was the worst since a 7.6% drop during the Asian financial crisis in 1997 and officials said they expected the […]

Thailand economy

Coronavirus pandemic speeds up cashless transactions in Thailand

Thailand is emerging as a society that uses less cash as consumers use digital networks and devices, with money transfer stimulus programs and the pandemic accelerating cashless transactions with PromptPay as the he whole world economy is moving towards a cashless world. Registration on PromptPay, the money transfer platform initiated by the government as part […]